MEDIA RELEASEFOR IMMEDIATE RELEASEFERROTEC HOLDS GRAND OPENING CEREMONY FOR ITS NEW FACTORY IN
KEDAH, MALAYSIA
KEDAH, 15 January 2024 – Ferrotec Holdings Corporation, a global supplier ofmaterials, components, and precision system solutions, today announced the Grand
Opening Ceremony to start production of its new manufacturing facility at Kulim Hi-Tech
Park, Kedah, facilitated by the Malaysian Investment Development Authority (MIDA). The
plant which will be undertaking electromechanical assembly and advanced material
fabrication for semiconductor equipment is designed to meet customer needs while also
expanding the Group’s business globally.
The ceremony was attended by Dato’ Seri Haji Muhammad Sanusi Bin Md Nor, KedahMenteri Besar; Ms. Lim Bee Vian, Deputy Chief Executive Officer (InvestmentDevelopment) of Malaysian Investment Development Authority (MIDA); Tuan Haji Mohd
Zaini Haji Ramli, Kulim District Officer; Dato' Mohd Sahil Bin Zabidi, Group CEO of KTPC;
Mr. He Xian Han, President of Ferrotec Holdings Corporation and Group CEO; Mr.
Yamamura Takeru, Vice President of Ferrotec Holdings Corporation and Chief Executive
Officer of Ferrotec Manufacturing Malaysia Sdn. Bhd.; Mr. He Anzhi, Managing Directorof Ferrotec Manufacturing Malaysia.; as well as other distinguished guests.
The Kedah State Menteri Besar YAB Dato' Seri Haji Muhammad Sanusi emphasised,"Kedah is an excellent investment destination not only known for tourism, agriculture, butalso manufacturing. The State Development Plan 2035 (KEDAH2035) seeks to achieve
high-income status for its people through unleashing Kedah’s vast potential, with theprivate sector playing a pivotal role. Kedah offers a strategic location, skilled workforce,and a supportive environment for companies to flourish. This is evident in our seamlessadministrative processes and the unprecedented benefits and infrastructures we offer.
With the E10 initiative set up to ease investors journey and a strong track record withmultinationals already present here, Kedah is no doubt a preferred state for investment.”
Ms. Lim Bee Vian, Deputy CEO (Investment Development), MIDA, commended Ferrotec
for their unwavering trust and support in establishing their manufacturing facility inMalaysia. “Ferrotec, with its extensive manufacturing footprint, symbolises thediversification of supply chains, reinforcing Malaysia's strategic standing as a location for
semiconductor operations. By choosing Malaysia, Ferrotec positions itself to leverage
untapped opportunities, foster innovation, and contribute substantially to the everevolving semiconductor landscape in our region. We will continue to partner with leading1

companies to anchor high value-added manufacturing, adopt advanced manufacturing
technologies and equip our people with the requisite skillsets. Our partnership with
Ferrotec is a good example of how we are doing this.”
She further emphasised, “As part of the government's initiative to elevate themanufacturing sector to greater heights and capitalising on emerging global trends, theNew Industrial Master Plan (NIMP) 2030 has been introduced as the industrial policy.
This seven-year plan adopts a mission-based approach to foster industrial development,
identifying Mission-Based Projects that leverage Malaysia's strengths and potential in key
industries such as the electrical and electronics (E&E), machinery and equipment (M&E)
and chemical.”Meanwhile, Mr. Takeru Yamamura, Vice President of Ferrotec Holdings Corporation andChief Executive Officer of Ferrotec Manufacturing Malaysia Sdn. Bhd. remarked, “Theopening of our flagship plant in Kedah, Malaysia marks a significant milestone forFerrotec, and we are delighted to share this moment with our valued partners, customers,
and the local community. This state-of-the-art production facility has been strategicallydesigned to meet the growing demand for our products and services in the dynamic Asianmarket.As Ferrotec's first manufacturing location in South-East Asia, the Kedah plant
integrates the culmination of 44 years of engineering expertise gathered from ouroperations in the US, EU, China, and Japan. Our commitment to delivering high-purity
materials and precision assembly is a testament to the global standards that define
Ferrotec.
We believe that the establishment of the Kedah plant will propel Ferrotec to new heights
as a globally recognised international supplier in the Semiconductor Industry. Being partof the vibrant eco-environment in Kedah is a privilege, and we are excited about theprospects that lie ahead. The collaboration with the local workforce underscores ourdedication to ensuring a sustainable future for both Ferrotec and the region.Today marks
the commencement of a promising journey, as Ferrotec is committed to continue driving
its effort to fulfill the increasing capacity demands and improved business continuity thatare vital to our customers success.We extend our gratitude to everyone who has beenpart of this endeavor.” he added.
From January to September 2023, the Machinery & Equipment (M&E) industry witnessed
substantial investments, amounting to an impressive RM10.8 billion across 63 projects.
This included RM9.6 billion from foreign investments and RM1.2 billion from domestic
sources. Ferrotec has invested approximately RM850 million in this project creating morethan 800 job opportunities, with majority catered towards our local talents.

*****2

About MIDA
MIDA is the government’s principal investment promotion and development agency under theMinistry of Investment, Trade and Industry (MITI) to oversee and drive investments into themanufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral,
MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner tobusinesses in seizing the opportunities arising from the technology revolution of this era. For
more information, please visit www.mida.gov.my and follow us on X, Instagram, Facebook,LinkedIn, TikTok and YouTube.

About Ferrotec
Founded in 1980, on a technology core of Ferrofluid magnetic liquid and Ferrofluidic® sealing
products, Ferrotec Holdings Corporation (6890 TSE Standard) is a worldwide leader in thesupply of materials, components, and precision system solutions for industrial businesses.
Ferrotec is a diversified world-class industrial organization with a global presence in a broadarray of technology driven end markets (semiconductors, automotive, biomedical
applications, smart phones, LEDs and FPDs). More information about Ferrotec’s products canbe found at:https://www.ferrotec.com/
https://ferrotec.my/

For more information, please contact:
MIDA
Ms. Zakiah Sajidan
Director of Machinery and Metal Technology Division
T: 03-2267 6769
E: zakiah@mida.gov.my

Ferrotec Manufacturing
Ms. Tan Ai Leng
Associate Director of Ferrotec Manufacturing Malaysia Sdn Bhd
T: 016-456 8439
E: aileng.tan@ferrotec.my3